Broadcom AVGO stock has soared by more than 630% in the last five years, one of the best performances in the semiconductor industry. As the AI boom raves on, AVGO and other semiconductor developers have seen their stocks surge. Looking at the next five years, many Wall Street analysts are bullish on AI, and suggest AVGO is one of numerous tech stocks that will continue to reap investors a profit.
The company recently posted strong quarterly results yet again and highlighted just how massive its growth opportunities still are. Its first-quarter fiscal 2026 earnings were strong, with the company’s revenue totaling $19.3 billion for the period ending Feb. 1, which was an increase of 29% from the same period a year ago. Its net income of $7.3 billion rose at an even faster rate of 34%.
In addition to the solid earnings, CEO Hock Tan says the company’s AI chip revenue will exceed $100 billion in 2027. The continued boom in revenue would be a direct spark for AVGO shares to continue their rally. The stock at press time is up nearly 4% in 24 hours, and is beginning to recover from its slow start to the year.
As for price projections for Broadcom AVGO stock, Wall Street is adamant the stock will flourish. Analysts generally have a positive outlook on AVGO in 2026, with average price targets significantly higher than the current market price of $341. Susquehanna and Rosenblatt have a positive stance with $450 targets, while Benchmark is more aggressive at $485.
From fiscal 2025 to fiscal 2028, analysts expect Broadcom’s revenue and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) to grow at CAGRs of 38% and 36%, respectively. With an enterprise value of $1.6 trillion, it still looks reasonably valued at 25 times this year’s adjusted EBITDA. If Broadcom matches those estimates, grows its adjusted EBITDA at a 20% CAGR from fiscal 2028 to fiscal 2031, and still trades at the same EV/EBITDA ratio by the final year, AVGO stock could nearly triple over the next five years as the AI boom continues.